Short answer
Fortrea Holdings Inc. (FTRE) filed an 8-K current report with the SEC on July 29, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item 5.02 (Departure/Election of Directors or Officers), Item EX-99.1 (Exhibit EX-99.1). Fortrea reported fiscal-quarter results for the period ended June 30, 2026.
Fortrea Holdings Inc. 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Fortrea reported fiscal-quarter results for the period ended June 30, 2026
- Press release issued July 29, 2026, with detailed financial results in Exhibit 99.1
Item 5.02 · Departure/Election of Directors or Officers
- Jason Knoblauch placed on paid leave after Delaware court restraining order over alleged covenant and confidentiality violations
- David Smith appointed Interim CFO while remaining a director, strengthening near-term financial leadership continuity
- Smith stepped down from Audit and Management Development and Compensation Committees
- Interim CFO compensation: $60,000 monthly salary plus RSUs capped at $900,000 aggregate fair value
- Knoblauch retains previously disclosed compensation during leave, with duration undetermined
Item EX-99.1 · Exhibit EX-99.1
- Q2 revenue declined to $678.2M from $710.3M, but adjusted EBITDA rose to $58.7M from $54.9M
- Book-to-bill reached 1.06x, with four consecutive quarters above 1.0x supporting backlog of $7,800M
- Adjusted net income increased to $22.7M, or $0.23 per diluted share, despite a $(13.2)M GAAP net loss
- Full-year guidance raised to $2,620M–$2,690M revenue and $205M–$220M adjusted EBITDA
- Cash remained constrained, with $168.6M on hand and $1,054.3M total debt at June 30, 2026
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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